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June soybean outlook from USDA features small changes
The June WASDE report is typically moved on from quickly because of the importance of the reports at the end of the month. On June 30th the USDA will release the Planted Acreage and Quarterly Grain Stocks reports which will have the potential to move the markets dramatically. However, there were still a lot of key takeaways from last week’s WASDE publication including the supply and demand estimates for U.S. and world soybean crops. World Agricultural Outlook Board Chair Mark Jekanowski says...
Seed selection is important, but don’t overlook seed placement
Even though harvest season has just gotten underway in Iowa, growers are already thinking about and making plans for the 2025 growing season. Bryan Perry is the head of U.S. seeds and traits at BASF and he says that as farmers prepare for next season, they need to be...
Groups respond to SAF tax credit guidelines
Legislation introduced in the House and Senate would extend a new sustainable aviation fuel tax credit for biofuels for ten years and prevent foreign producers from accessing the credits. Groups like the National Corn Growers Association applauded the legislation that...
Secretary Naig recaps Iowa trade trip to India
With India taking over the top spot in population and its growing economy, it behooves the state of Iowa to conduct trade trips there to help promote the products we produce here in the state. Recently Governor Reynolds conducted such a trip, and Iowa Ag Secretary...
U.S. Export Sales Report (9-26-24)
The weekly export sales were highlighted by some very strong bean exports, which were some of the highest we’ve ever seen for this week. Allendale commodity broker Greg McBride gave an analysis of the report. McBride said there were some smaller flash sales this week...
Commodity naming rights agreement keeps trade going in Chile
The U.S. recently signed an agreement with Chile to continue uninterrupted trade after a dispute arose over naming rights for products like cheese. Doug McKalip, chief agricultural negotiator for the U.S. Trade Representative, said this agreement is good news for U.S....
Early fall weather has been cooperative for harvest
So far during the dry-down and early harvest season, the weather has been cooperative for farmers. That is USDA meteorologist, Brad Rippey. He says that the weather has been mild across large stretches of the country where row crops are grown. Corn and soybeans are...
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Ethanol industry confident in new EPA head Lee Zeldin
The ethanol industry is confident that newly confirmed EPA chief Lee Zeldin will be supportive of its top issues. Zeldin, a former New York Representative, has been critical of ethanol in the past, but the industry is confident that will change now that the...
Weak La Nina will continue into February
In December, the weather officially entered into a weak La Nina phase once again. Justin Glisan, state climatologist for Iowa, said there are plenty of recent data points to compare this winter to, as we saw a “triple dip” La Nina from 2020-2022. Glisan said a weak La...
U.S. Export Sales Report (1-30-25)
The export sales took a back seat this week after the great numbers we saw in the last report. Allendale commodity broker Greg McBride gave an update on the latest U.S. export sales report. McBride said there were only flash sales for corn this week. McBride said the...
Meat Institute strategies to reduce meat prices
The Meat Institute sent a letter to President Donald Trump to provide strategies to reduce burdensome regulations and address meat prices for consumers. The letter included a list of recommended actions for the administration to take, including rescinding the final...
Naig confident that Rollins can do the job at USDA
Before her recent Senate confirmation hearing, Brooke Rollins faced skepticism over her lack of direct agricultural experience but sought to reassure lawmakers by highlighting her rural roots and policy background. Despite initial doubts, her testimony resonated with...
